SEC Form 4 · accession 0001433195-18-000054
APPFOLIO INC · APPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Walker
Officer — Chief Technology Officer
Period of report
Oct 4, 2018
Accepted (ET)
Oct 5, 2018 · 8:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433195
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Oct 4, 2018 | C | 30,000 | $0.00 | A | 30,000 | D | |
| Class A Common StockF1,F2 | Oct 4, 2018 | S | 20,477 | $72.68 | D | 9,523 | D | |
| Class A Common StockF1,F3 | Oct 4, 2018 | S | 8,311 | $73.69 | D | 1,212 | D | |
| Class A Common StockF1,F4 | Oct 4, 2018 | S | 1,212 | $74.53 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF5,F6 | $0.00 | Oct 4, 2018 | C | 30,000 | D | — | — | Class A Common Stock | 30,000 | 1,524,025 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around August 10, 2017.
- F2This transaction was executed in multiple trades with sales prices ranging from $72.25 to $73.23. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- F3This transaction was executed in multiple trades with sales prices ranging from $73.33 to $74.24. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- F4This transaction was executed in multiple trades with sales prices ranging from $74.33 to $74.72. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- F5Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.
- F6All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Company's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.